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Biden fails to secure major security, oil commitments at Arab summit
July 17, 2022

Biden fails to secure major security, oil commitments at Arab summit

President Joe Biden told Arab leaders the United States would remain an active partner in the Middle East, but he failed to secure commitments to a regional security axis that would include Israel or an immediate oil output rise.“The United States is invested in building a positive future of the region, in partnership with all of you — and the United States is not going anywhere,” Mr Biden said on Saturday (Sunday AEST), according to a transcript of his speech.

Turkey And Israel Could Work Jointly To Ship Gas To Europe
Feb. 5, 2022
Source: Oil Price

Turkey And Israel Could Work Jointly To Ship Gas To Europe

Turkey is interested in resuming talks with Israel about using Israeli natural gas and transporting it to Europe, Turkish President Recep Tayyip Erdogan said on Friday, as carried by the Daily Sabah news outlet. “We can use Israeli natural gas in our country, and beyond using it, we can also engage in a joint effort on its passage to Europe,

Israel gets 11 bids for solar-powered electricity plant
Aug. 20, 2021

Israel gets 11 bids for solar-powered electricity plant

Israel has received 11 bids to finance, build and operate a 300 megawatt solar-powered electricity generation plant and storage farm in the southern part of the country, the Finance Ministry said on Thursday. The project planned for the city of Dimona will be a public-private one and, according to the ministry, will be the largest solar power plant in Israel and one of the largest in the world. The selected developer will be responsible for planning, financing, building and operating the solar power plant, it added.

Israel signs subsea gas pipeline deal with EU
July 20, 2020
Source: Reuters

Israel signs subsea gas pipeline deal with EU

The Israeli government on Sunday approved an agreement with European countries for the construction of a subsea pipeline that would supply Europe with natural gas from the eastern Mediterranean. The Eastmed pipeline, is meant to transport gas from offshore Israel and Cyprus to Greece and on to Italy. The pipeline is planned to initially carry 10 billion cubic meters of gas/year with the possibility of eventually doubling the capacity.

Greece, Cyprus, Israel Will Sign EastMed Deal
Jan. 3, 2020

Greece, Cyprus, Israel Will Sign EastMed Deal

Energy ministers of Greece, Cyprus and Israel are expected to sign EastMed subsea pipeline agreement in Athens on Thursday. The collaboration has aimed to reach a final investment decision in 2022 and completion by 2025. The 1900 km long pipeline will be transporting natural gas from eastern Mediterranean’s developing gas industries to Europe. The pipeline project is owned by IGI Poseidon, a joint venture between Greek gas firm DEPA and Italian energy group Edison.

Israel temporarily halts supply from Tamar
May 7, 2019

Israel temporarily halts supply from Tamar

There has been a violent break out with the Gaza militants in Israel. This made the ministry of Israel take a decision to temporarily stop the supply of natural gas from the offshore field Tamar. This might be a problem for the nation because Israel receives its major natural gas supply from Tamar which has its production platform off the coast.

Paz Oil extends its contract with Palestinian Authority
Dec. 28, 2018

Paz Oil extends its contract with Palestinian Authority

Paz Oil, Israel's largest refined oil products distributor, has announced that it has extended its contract for two years with the Palestinian Authority. This contract extension is regarding the sales of petroleum products in the West Bank and Gaza Strip. Paz Oil will also provide maintenance and equipment under the agreement which will last till the end of year 2020.

Ratio Oil to sign a long- awaited deal
Sept. 5, 2018

Ratio Oil to sign a long- awaited deal

According to the source, Ratio Oil Exploration, an Israel company, will sign a deal related to the search of oil and gas in the Philippines. This deal is a long- awaited one. Back in 2015, the company was awarded an Exploration deal, a 416,000-hectare East Palawan block of Palawan. This award got delayed because of several legal issues related to the previous exploration contract of that block.

Karish and Tanin gas projects get FID approval by Energean
March 24, 2018
Source: World Oil

Karish and Tanin gas projects get FID approval by Energean

The board of directors of Energean Oil and Gas PLC has approved the Final Investment Decision (FID) to go ahead with Karish and Tanin Development Project, offshore Israel worth $1.6 billion. The project will be developed through a newly built and owned FPSO gas treatment which would offer flexible infrastructure solution and potentially expand the scope for additional projects.

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